Firmenich Receives SBTi Approval For Net-Zero Emissions Target

Firmenich has received approval from the Science Based Targets initiative (SBTi) for its net-zero emissions target, making it the first company in the industry and one of the first companies globally to receive approval from the SBTi.

Firmenich has both near- and long-term science-based emissions reduction targets verified and approved by the SBTi.

The Group is committed to reach net-zero greenhouse gas emissions across its value chain by 2039, keeping global warming below 1.5°C in line with the Paris Agreement.

"I am proud that Firmenich is one the first companies to see their net-zero emissions target approved by SBTi. These ambitious goals aim at effectively reducing our environmental footprint, while actively engaging with our suppliers and customers to reduce CO₂ emissions through our supply chain. Setting science based targets is crucial to future-proofing sustainable business growth while assuring the stability of our planet and climate system for generations to come," said Gilbert Ghostine, CEO of Firmenich.

"Acting on the climate emergency via a scientific approach is key to effective decarbonization and by establishing a framework, the SBTi is enabling companies to lead the path to a low carbon future. At Firmenich, we are taking the necessary measures to minimize our impact and aim to lead our industry towards net-zero greenhouse gas emissions," said Neil McFarlane, Senior Vice President Global QHS&E, Firmenich.

Firmenich equally commits to reduce absolute scope 3 GHG emissions 90% by 2039 from a 2021 base year.

Being a positive driver of change across its value chain, Firmenich also commits that 80% of its suppliers by spend will have science-based targets by 2026.